What do bankers and other market participants about the most recent economic events that occurred in a week? Does cheaper mortgage? Alfa-Bank has lowered interest rates on loans to buy housing on two programs: the purchase of housing on the secondary market and refinancing mortgage loans issued by another bank. Thus, the minimum cost of borrowing in rubles was equal to 12,5% and in dollars - 10%. Irina Gradovich, head of retail credit products, "PSB": According to our estimates, the overall market interest rates on mortgage loans in the current year will be at the level of 11 to 13% in rubles. Significant reduction in rates, similar to that seen in 2010, ozhdat not worth it. Activity of the population to purchase mortgage products will increase, because rates have reached crisis level, housing prices have stabilized and in some areas continue to decline. Also a positive factor in reviving the mortgage market will be the stabilization of incomes and reducing unemployment. Edward Katasonov, CEO «Concept consulting Ltd.»: Cheaper mortgages in this and the following year are unlikely to take place, unless special conditions of partial subsidies for certain types of citizens. People are likely to become more actively to buy housing, because the rate is low. Of course, it is still very expensive, but the desire to have their own apartment will prevail. Andrey Nefedov, an analyst at financial services company "Ankorinvest: Back in the fourth quarter of 2010, Sberbank has lowered the minimum rate on mortgages for clients with payroll projects and regular physical persons up to 9,5% and 10,4% respectively. According to statistics published on the website of the Central Bank of Russia, the volume of loans in the first three months of 2011 amounted to 501.6 million rubles. Which is 2,5 times higher than the first three months of 2010. According to statistics, the growth rate of mortgage lending in Russia is increasing from June to January (during this period accounts for about 80% of the annual mortgage). So in 2009 it was granted mortgage loans in the 1.3 trillion rubles. In 2010 - already at 1.9 trillion rubles. Probably the end of 2011 we will see a figure close to 3 trillion rubles. This is no small extent contribute to lower rates on mortgages many banks to levels close to 10-12%. But further reductions will only be in if Russia will be able to fully implement the methodology proposed by the Government of monetary inflation targeting. Of course, if inflation is trapped in a corridor of 6-8% in GDP growth not less than 5-6% per year in real estate happens a real boom. While many do not believe in a stable and sustainable development of our country in the medium term, and this is one of the absolute terms taking on this kind of long-term commitment. Will drop if the premiums? The country's president has instructed the federal government by June 1 to prepare proposals to reduce the rates of premiums. "Of course, in an amicable way, the maximum rate should be set somewhere in the range close to the former, but it's not easy to do," - said the head of state. Edward Katasonov, CEO «Concept consulting Ltd.»: I think that can not cope. Inflation accelerates. In periods of rising prices increase the government, rather than lower taxes. What to expect from changing finregulyatora? Head of the Federal Financial Markets Service Vladimir Milovidov wrote an application to release him from his post. His place may take a deputy finance minister Dmitry Pankin - a proposal on the candidacy of Vladimir Putin presented Alexei Kudrin. Edward Katasonov, CEO «Concept consulting Ltd.»: The changes that interest us and brokerage companies - is reducing regulatory requirements to equity, to previous levels.
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